Question
In: Accounting
In June, one of the processing departments at Furbush Corporation had ending work in process inventory...
In June, one of the processing departments at Furbush
Corporation had ending work in process inventory of $13,500. During
the month, $419,000 of costs were added to production and the cost
of units transferred out from the department was $441,000.
In the department’s cost reconciliation report for January, the
cost of beginning work in process inventory for the department
would be:
Multiple Choice
• $35,500
• $427,500
• $8,500
• $405,500
Item38
Time Remaining 2 hours 47 minutes 39 seconds
02:47:39
Item38
Item 38
Time Remaining 2 hours 47 minutes 39 seconds
02:47:39
In August, one of the processing departments at Tsuzuki Corporation
had beginning work in process inventory of $24,500 and ending work
in process inventory of $13,500. During the month, $288,000 of
costs were added to production.
In the department's cost reconciliation report for August, the
total cost to be accounted for would be:
Multiple Choice
• $38,000
• $312,500
• $600,500
• $625,000
Item39
Time Remaining 2 hours 47 minutes 28 seconds
02:47:28
Item39
Item 39
Time Remaining 2 hours 47 minutes 28 seconds
02:47:28
Moyas Corporation sells a single product for $10 per unit. Last
year, the company's sales revenue was $280,000 and its net
operating income was $17,000. If fixed expenses totaled $95,000 for
the year, the break-even point in unit sales was:
Multiple Choice
• 28,000 units
• 16,800 units
• 29,700 units
• 23,750 units
Item40
Time Remaining 2 hours 47 minutes 18 seconds
02:47:18
Item40
Item 40
Time Remaining 2 hours 47 minutes 18 seconds
02:47:18
Sabv Corporation's break-even-point in sales is $800,000, and its
variable expenses are 70% of sales. If the company lost $30,000
last year, sales must have amounted to:
Multiple Choice
• $770,000
• $740,000
• $700,000
• $530,000
Solutions
Expert Solution
| 1) |
| Cost of beginning work in process inventory = 441,000 + 13,500 - 419,000 |
| Cost of beginning work in process inventory = 35,500 |
| Hence, the correct option is $35,500. |
| 2) |
| Beginning work in process inventory |
| Add: Costs added to production during the month |
| Total cost to be accounted for |
| Hence, the correct option is 312,500 |
| 3) |
| Sales Revenue |
| Less: Net Operating Income |
| Total Cost (Fixed and Variable) |
| Less: Fixed Cost |
| Variable Cost |
| No of Units Sold = 280,000/10 = 28,000 units |
| Variabler cost per unit = 168,000/28,000 = $6 |
| Contribution margin pper unit= $10-$6 = $4 |
| Break even point in unit sales = Fixed cost/Contribution margin |
| Break even point in unit sales = 95,000/4 = 23,750 units |
| Hence, the correct option is 23,750 units. |
| 4) |
| Contribution Margin Ratio= Sales Ratio – Variable Expenses Ratio |
| Contribution Margin Ratio= 100% - 70% |
| Contribution Margin Ratio= 30% |
| Break even sales in dollars = Fixed Cost/ Contribution Margin Ratio |
| $800,000 = Fixed cost/30% |
| Fixed cost =800,000*30% = 240,000 |
| Target Sales in dollars= Fixed Cost + Target Profit/ Contribution Margin Ratio |
| Target Sales in dollars= (240,000-30,000)/30% |
| Target Sales in dollars= 210,000/30% |
| Target Sales in dollars= 700,000 |
| Hence, the correct option is $700,000. |
ekkarill92 answered 2 years agoRelated Solutions
In June, one of the processing departments at Furbush Corporation had ending work in process inventory...
In June, one of the processing departments at Furbush
Corporation had ending work in process inventory of $12,000. During
the month, $404,000 of costs were added to production and the cost
of units transferred out from the department was $426,000.
In the department’s cost reconciliation report for January, the
cost of beginning work in process inventory for the department
would be:
Multiple Choice
$414,000
$10,000
$392,000
$34,000
In June, one of the processing departments at Furbush Corporation had ending work in process inventory...
In June, one of the processing departments at Furbush
Corporation had ending work in process inventory of $12,600. During
the month, $410,000 of costs were added to production and the cost
of units transferred out from the department was $432,000.
In the department’s cost reconciliation report for January, the
cost of beginning work in process inventory for the department
would be:
In June, one of the processing departments at Football Corporation had beginning work in process inventory...
In June, one of the processing departments at Football
Corporation had beginning work in process inventory of $13,700.
During the month, $443,000 of costs were added to production and
the cost of units completed and transferred out from the department
was $421,000.
In the department’s cost reconciliation report for January, the
cost of ending work in process inventory for the department would
be:
Multiple Choice
$407,300
$429,300
$8,300
In May, one of the processing departments at Stitzel Corporation had beginning work in process inventory...
In May, one of the processing departments at Stitzel Corporation
had beginning work in process inventory of $37,000 and ending work
in process inventory of $13,000. During the month, the cost of
units transferred out from the department was $490,000. In the
department's cost reconciliation report for May, the total cost to
be accounted for under the weighted-average method would be:
$527,000
$50,000
$503,000
$540,000
In July, one of the processing departments at Okamura Corporation had beginning work in process inventory...
In July, one of the processing departments at Okamura
Corporation had beginning work in process inventory of $13,000 and
ending work in process inventory of $18,000. During the month, the
cost of units transferred out from the department was $148,000. In
the department's cost reconciliation report for July, the total
cost to be accounted for under the weighted-average method would
be: Multiple Choice $31,000 $119,000 $132,000 $166,000
In April, one of the processing departments at Terada Corporation had beginning work in process inventory...
In April, one of the processing departments at Terada
Corporation had beginning work in process inventory of $27,000 and
ending work in process inventory of $33,000. During the month,
$250,000 of costs were added to production and the cost of units
transferred out from the department was $244,000. In the
department's cost reconciliation report for April, the total cost
to be accounted for under the weighted-average method would be:
In February, one of the processing departments at Whisenhunt Corporation had beginning work in process inventory...
In February, one of the processing departments at Whisenhunt
Corporation had beginning work in process inventory of $35,000 and
ending work in process inventory of $11,000. During the month, the
cost of units transferred out from the department was $410,000. In
the department's cost reconciliation report for February, the total
cost to be accounted for would be:
a.
$46,000
b.
$807,000
c.
$842,000
d.
$421,000
In May, one of the processing departments at Messerli Corporation had beginning work in process inventory...
In May, one of the processing departments at Messerli
Corporation had beginning work in process inventory of $20,000 and
ending work in process inventory of $41,000. During the month,
$154,000 of costs were added to production and the cost of units
transferred out from the department was $133,000. The company uses
the FIFO method in its process costing system. In the department’s
cost reconciliation report for May, the total cost to be accounted
for would be:
.
Behrend Clinic uses...
Ending inventory of work in process is $200,000 while the beginning inventory of work-in-process is $400,000....
Ending inventory of work in process is $200,000 while
the beginning inventory of work-in-process is $400,000. The company
had ending inventory of direct materials of $250,000 and beginning
inventory of direct materials of $800,000. Direct materials
purchased during the period was $700,000. Discount received on
direct materials purchased was $150,000 while the cost of direct
materials returned was $50,000. There were records of delivery
expenses (freight-out) in the amount of $70,000; and as a result of
FOB shipping point on...
1. Units Beginning Work-in-Process 5,000 Started During the Period 50,000 Ending Work-in-Process 2,000 The ending work-in-process inventory...
1. Units
Beginning Work-in-Process 5,000
Started During the Period 50,000
Ending
Work-in-Process 2,000
The ending work-in-process inventory is 90% complete. What is the
total number of equivalent units?
2. At the beginning of the period, there were 800 units of
product in a company's work in process inventory. 3,000 additional
units of product were started during the period. 1,500 units of
product were in the Work in Process account at the end of the
period. The ending work in process inventory...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- how is biopsychosocial compatiable model in the future.
- Give at least 5 nursing interventions (with rationale) of nursing diagnosis: Health-seeking behaviors related to patient’s...
- The Wall Street Wizard Co. sold a stock market investing plan through the mail that made...
- Rotating bits in C This rotates bits to the left which means the bits that were...
- Implement a method that meets the following requirements: (a) Takes as parameter 1) an int array...
- Write a function that takes a binary search tree as input and produces a linked list...
- XYZ Company is considering purchasing a piece of equipment costing $400,000. It has a useful life...
ADVERTISEMENT